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WHY MEETING PLANNERS NEED MP3 If you've heard of MP3, it's probably in the context of illegally downloaded pop music. An audio file compression technology, MP3 allows music (or other recorded audio information) to be reproduced with exceptional quality at a fraction of the file size of other audio formats. The files can be played on a personal computer, through a stereo system hooked up to a computer, or using a product such as the Diamond Rio, a small personal MP3 player.